Browsing: Egypt

The announcement followed a record $35bln investment deal with UAE and coincided with a sharp devaluation of the currency and a 600-basis-point increase in the central bank’s overnight interest rates, breathing new life into Egypt’s flagging finances

In a phone conversation this evening, President Mahmoud Abbas and Egyptian President Abdel Fattah el-Sisi discussed the latest developments in…

Egypt has recorded a primary surplus of EGP 416 billion during the first nine months of the current fiscal year (FY) 2023/2024, amounting to 3% of the gross domestic product (GDP), Minister of Finance Mohamed Maait revealed in a statement on April 8th.

Remittances of Egyptian workers abroad dropped by 21.2% to $9.4 billion in H1 FY2023/2024 from $12 billion in the comparable period a FY earlier

The current account deficit increased to $9.60 billion during the July-December 2023 period from $1.80 billion in H1-22/23, according to the Central Bank of Egypt (CBE)

Egyptian President Abdel-Fattah al-Sisi received today in the Egyptian capital Cairo Prime Minister and Minister of Foreign Affairs, Mohamed Mustafa.…

Egypt’s annual core inflation rate decreased to 33.7% in March from 35.1% in February, central bank data showed on Monday…

The decline in the trade deficit was the result of a 25.30% YoY plunge in imports to $5.54bln in January of this year from $7.42bln

The new LNG shipment is scheduled to be routed via an already established facility in Jordan, the traders highlighted

Cairo – The net international reserves (NIR) at the Central Bank of Egypt (CBE) surged by $5 billion to $40.36 billion at the end of March 2024.